Wayfair's fourth-quarter net loss was $202 million as international revenue declined

Recently, according to foreign media reports, the stock of US e-commerce platform Wayfair fell nearly 20% in pre-market trading after the e-commerce home furnishing retailer said its losses in the fourth quarter exceeded Wall Street expectations.

Data shows that Wayfair's net loss in the fourth quarter was $202 million , equivalent to $1.92 per share . In the same quarter last year, Wayfair's net income was $24 million, or 23 cents per share. After adjustment, the US company lost 92 cents per share.

In terms of market revenue, Wayfair 's major markets saw declines. Among them, revenue in the United States fell 8.8%, and revenue in international markets fell 23%. The consensus of FactSet is an adjusted loss of 70 cents per share and revenue of $3.282 billion.

It is reported that Wayfair has been in a significant decline last year . Since April 2021, the stock has fallen by about 70% and its current price-to-earnings ratio is 141 times.

However, Wayfair recently started recruiting executives, among whom Sean Halligan will serve as its new chief global supply chain officer (with experience in companies such as Target and Nike). Wayfair also appointed Tan as chief technology officer earlier this year, who will take office on March 1 this year. It is understood that this is also the company's third chief technology officer since 2019. Wayfair 's current talent recruitment may have a positive impact on changing the company's current development status.

Wayfair, like other retailers that sell home furnishings, saw sales rise in the early days of the pandemic as consumers invested more in their homes . But Wayfair is facing a sales decline in recent months as consumer spending has shifted , with net sales falling 18.7% in the third quarter of 2021 .

In order to increase competition and sales, many US online platforms , including Wayfair, have turned to physical retail . In the US market, the online and offline dual-line operation model of e-commerce platforms has become a trend.

It is understood that in December last year , Wayfair announced plans to open two new AllModern stores and a Joss & Main store, and it is expected to open more stores in the next two years .

Wayfair

Fourth quarter

Loss